(Solution) - The prohibition of various unfair pricing practices by the Competition -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The prohibition of various unfair pricing practices by the Competition Act is intended to promote a level playing field and prevent pricing policies that limit competition. Why are market forces not able to eliminate unfair competitors? Why are customers not able to distinguish the fair competitors from the unscrupulous?